Businesspeople react to election night - The Business Review (Albany):

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What do you think? Share your own opiniom by sendingan e-mail to William Ross, president, Inc., Troy “I’m out therse selling valves again today. The world didn’t shattert [Tuesday] night, and I don’t expect it to tomorrow. The question is, how extreme will that changee be? It boils down to execution. Democratxs favor strong intervention. Republicans favor private industry and Based on theeconomic meltdown, there’s got to be a good balancr of both.
” Neil Golub, presidenty and CEO, , Schenectady “The major concern in the businesx community is the debt the Democraticx Party is going to pay back to organized This is a major, major, major threat to the businessx community. ... They have basically said they owethe unions—the biggest specia interest groups in Washington—and what they plan to do is provide the most radical change to collective bargaining that this country has ever seen. ... They want to take away the vote of the so theworker doesn’t have a secret-balloft vote for whether they want to unionize.
” Albert Picchi, vice president and general , Clifton Park “Typically, the Democrats certainly make it a littlr bit more challenging for businesses. From that perspective, I’mj curious to see how Barack comes out with his tax On theflip side, I think over the next couplew of years, consumers will be focused on gettinbg the economy to turn Regarding New York, he said, “Even thoughh our governor is a Democrat and control of the statee is now in Democratic hands, I do believed they understand what needs to be done in New York to get us back on John J. Nigro, president, , Albany “I’j the eternal optimist.
I believe that now that all this politica election mess and all the challenges and infightingb arebehind us, perhaps the natio will get together behind this administration and head in a positiv direction. “No matter which way you felt abougt McCainand Obama, I think both of their speechews later on in the evening [Tuesday] were very tellinv and very sensitive and very I think they both showed signs of, ‘Let’s get this countryu together, let’s get behinr this president and his new administratioj and let’s get these issues that are problemati c to our nation straightened out.
’ ” Hugh chairman and chief investment officer, , Albant “I think it is incredible. It is very momentouxs and very, very positive. It is symbolic in that we will put what I will callthe eight-yearf nightmare behind us and get a fresh start. “I look at it as an enormous time of It is an opportunity to set the foundatioh for solving some very significant problems that arefacingg us, an opportunity to tackld health care and immigrationn and energy policy and to rebuild our “The problem with it is this: The new presidenrt will inherit a very sizable crisis and budget I say to myself, ‘He has some grear ideas, but how do we pay for them?
’ I think we are all There is a very distinct feelingt that we have put the nightmare of the past eightr years behind us. That is the biggesr thing to come out of this That feeling is elusive and hard to but it isvery important.” Jeff Pfeil, president, Inc., Saratogwa Springs “Some of the campaigb promises that Obama made are a little scary for the business especially the real estatse community. Increasing the capital gains tax couldf have a pretty severe negative effect on real estated sales simply because a lot of transaction s are based on investmentreal estate.
If somebodt is going to get whacked with too much tax on the sale of real then they’re less apt to sell The good news, Pfeil said: The election is